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Chapter 15 for Foreign Debtors covers all aspects of the UNCITRAL Model Law on Cross-Border Insolvency as well as chapter 15 of the Bankruptcy Code, and provides details about the Foreign Representative, avoidance actions, creditor protections, concurrent proceedings, comity and much more. The book also includes an extensive appendix filled with more than 500 pages of sample case documents and...

In the current global insolvency market it is critical that key market players in the profession are kept informed of what is happening in their respective regions and beyond.

In 2000, a survey was carried out on our members’ marketplace around the world which provided an insight into the differing insolvency landscapes across the world. Five years on, it was felt that it was important...

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Italy’s Five Star Calls for EU Push on Restructuring Public Debt

A top economic adviser to Italy’s anti-establishment Five Star Movement has called on the EU to debate restructuring public debt — comments that could unnerve investors and highlights the unorthodox economic views of the party leading the country’s polls, the Financial Times reported. With three weeks to go before the nation’s general election, Lorenzo Fioramonti, an aide to Luigi Di Maio, the Five Star candidate for prime minister, said the “time is right” for a “conversation” around debt restructuring in Italy and “several other” countries. Italy’s public debt exceeds 130 per cent of gross domestic product. “We can be pioneers of change in a European system that is ripe for change,” Mr Fioramonti said. “I don’t want this to be perceived as all we are interested in is getting an easy way out.” While an Italian sovereign restructuring would be intended to ease the fiscal burden and reduce government interest payments, the sheer size of the country’s €2.3tn debt load could mean a big risk of a market backlash as well as political objections from Brussels and Berlin. Read more.(Subscription required.)